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HomeMy WebLinkAbout09 ADOPT RESOLUTION 14-47, REAFFIRMING SUPPORT FOR PROPOSITION 133 ' AGENDA REPORT t;o 4 MEETING DATE: JUNE 17. 2014 TO: JEFFREY C. PARKER, CITY MANAGER FROM: CITY MANAGER'S OFFICE Agenda Item 9 Reviewed: City Manager Finance Director I N/A SUBJECT: ADOPT RESOLUTION 14 -47, REAFFIRMING SUPPORT FOR PROPOSITION 13 SUMMARY Adoption of Resolution 14 -47, reaffirming support for and recognizing the positive impacts of Proposition 13. RECOMMENDATION It is recommended that the City Council adopt Resolution 14 -47, reaffirming support for Proposition 13. FISCAL IMPACT There is no fiscal impact. ALIGNMENT WITH STRATEGIC PLAN Reaffirmation of support for Proposition 13 contributes to the fulfillment of the City's Strategic Plan, Goal B on ensuring Tustin is an attractive, safe and well maintained community and Goal D of fostering strong relationships within the community and providing leadership within the region. BACKGROUND /DISCUSSION At the direction of the City Council at their June 3, 2014 meeting, Resolution 14 -47, reaffirming support for Proposition 13, has been prepared for the Council's adoption. Attachment: Resolution 14 -47 RESOLUTION NO. 14 -47 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, REAFFIRMING SUPPORT FOR AND RECOGNIZING THE POSITIVE IMPACTS OF PROPOSITION 13 The City Council of the City of Tustin hereby finds, determines and declares as follows: WHEREAS, On June 6, 1978, Proposition 13, officially titled the "People's Initiative to Limit Property Taxation," and popularly known as the "Jarvis -Gann Initiative," was overwhelmingly approved by California's voters, reducing property tax rates on homes, businesses, and farms, and capping the rate of increase in the future; and WHEREAS, Prior to the adoption of Proposition 13, California's inflation had sent property tax bills in California soaring so high that many families had to sell their homes because they could not afford to pay their taxes; and WHEREAS, Prior to the adoption of Proposition 13, property tax assessments showed wider divergences than assessment disparities under the current acquisition - value system; and WHEREAS, With the approval of Proposition 13, real property values were adjusted to a base value equal to the 1976 assessed value of that real property, thereby introducing an objective standard upon which real property would be taxed and ending the previous subjective standard for assessment that engendered the property tax assessment abuses that occurred in the 1960s and 1970s; and WHEREAS, With the passage of Proposition 13, taxpayers, for the first time, were provided a measure of certainty with respect to their property taxes; and WHEREAS, In the 36 years following the passage of Proposition 13, the average homeowner has saved tens of thousands of dollars in property tax payments, money that, that was able to be spent in the economy to create jobs and foster economic development; and WHEREAS, The volatility of income and sales tax revenue to the state and local governments is a major flaw in California's tax system, while Proposition 13 has rendered California's property taxes as a stable and predictable source of public revenue, even during economic downturns, that has provided a major benefit to local governments throughout California; and WHEREAS, Since the passage of Proposition 13, proposed alternatives to Proposition 13 would have had a variety of unwelcome effects, including substantial tax increases for low- income and elderly homeowners; and WHEREAS, Since the passage of Proposition 13, voters' 2 -to -1 rejection, in 1992 of Proposition 167 suggests that the split roll alternative to the current system, in which business would pay property taxes at a rate higher than that imposed on residential properties, finds little favor with voters; and WHEREAS, Thursday, June 6, 2014, marked the 36th year following the voters' approval of Proposition 13; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TUSTIN, in recognition of the positive impact Proposition 13 has had on the State of California, formally reaffirms our support for Proposition 13 and the benefit that it provides to individual homeowners, renters, local governments and to the state's overall economy. PASSED AND ADOPTED at a regular meeting of the Tustin City Council held on the 17th day of June, 2014. ELWYN A. MURRAY, Mayor ATTEST: JEFFREY C. PARKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Jeffrey C. Parker, City Clerk and ex- officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 14-47 was duly passed and adopted at a regular meeting of the Tustin. City Council, held on the 17th day of June, 2014, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: JEFFREY C. PARKER, City Clerk